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CM1 has begun mining second stage, higher-grade oxide mineralisation at its Geko gold mine 25km NW of Coolgardie in Western Australia.Under a 3-stage mine plan adopted after low grades disrupted its original ore sales deal with Northern Star, CM1 aims to mine 260,000t @ 2.23g/t for 18,640oz in the current phase.It hopes NST will acquire about 50,000t @ 2.75g/t or higher to NST, with the rest stockpiled pending decisions on ore sales or toll milling.

After having its first two ore parcels rejected because of lower-than-promised grades, CM1 has completed a $A1.7M sale of a third parcel of ore from its newly developed Geko gold project to fellow West AustralianNorthern Star Resources.Mined grade for the 7,980t parcel was 5.94g/t, 35% above the 4.4g/t reserve grade. CM1’s first 2 parcels of 10,000t in Nov-Dec fell below its 2.75g/t agreed minimum.

A hiccup in an ore sales agreement has forced Coolgardie Minerals into a $A1.5M secured convertible note issue to enable it to pay trade creditors.CM1 expected first oxide ore sales from its Geko project in mid-Nov to fellow West Australian Northern Star Resources, but the initial transactions failed because the 20,000t stockpiled material fell short of the agreed 2.75g/t minimum grade.

Emerging West Australian miner Coolgardie Minerals has found a buyer in Northern Star Resources for first production due early Oct from processing of stockpile ore at its Geko gold mine.NST will acquire the first 100,000t of oxide ore from the mine 30km NW of Coolgardie prior to end-March 2019 for processing at its South Kalgoorlie Operations. The agreement specifies a minimum ore grade of 2.75g/t and NST will pay a fixed price of $A1,650/oz gold.

A target date of Oct 1 has been set for mining to start at the Geko gold project, 25km NW of Coolgardie in Western Australia, after settlement of a dispute between local companies Bulletin Resources and unlisted Coolgardie Minerals.The companies have been arguing since Oct 2017 after Bulletin accused CML of failing to meet the conditions of an acquisition agreement.After mediation, they have resolved all legal obstacles to the project proceeding.

West Australian privateer Golden Eagle has pulled the pin on its IPO prospectus issued in Aug 2015. The prospectus, which sought to raise $A4.4M through the issue of 22M shares at 20c, was extended in Nov and due to close on Apr 22.Golden Eagle has engaged consultants for an FS on the openpit development of its Geko gold project near Kalgoorlie and is in discussions with funding partners.